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Parcel Sale Advances MA Navy Base Redevelopment

WEYMOUTH, MA-Years in the making, LNR’s $25-million acquisition of 830 remaining acres at the former South Weymouth Naval Air Station comes after the Navy agreed to site cleanup.

By Paul Bubny | Updated on December 15, 2011

WEYMOUTH, MA-One of the last puzzle pieces in a long-aborning redevelopment of the former South Weymouth Naval Air Station here fell into place Thursday as master developer LNR Property LLC closed on the purchase of the final 830 acres of land from the US Navy. An LNR spokesman confirms that the parcel sold for $25 million; the $2.5-billion project that’s under way at the long-shuttered air station, SouthField, will eventually encompass 2,855 housing units and two million square feet of commercial and retail space.

GlobeSt.com reported in August 2006 that the South Shore Tri-Town Development Corp., which is overseeing the former Navy base’s redevelopment, had transferred 549 acres at the 1,440-acre base to LNR. In the five years since, the Miami Beach, FL-based developer has had to overcome the hurdles of a cratered housing market along with bureaucratic snags in getting control of the property.

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